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LOWRISK.COM
INVESTOR SENTIMENT SURVEY
4 / 13 / 98
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Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 4/6/98 through 4/12/98 on our web site.
Number of participants: 393
30 day outlook:
41% bullish, 64% last week
26% bearish, 11% last week
33% neutral, 25% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 4/17: 9022 (it was
8983 last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
Bullish sentiment 23% to 41% this week. Bearish sentiment increased 15%
this week. The neutral camp gained 8% to 33%.
It is difficult to draw much of a conclusion from this week's numbers. Last
week bullishness was extreme and gave us a very strong clue about the
impending market weakness. But this week really does not provide as much to
work with. A drop in bullishness and gain in bearishness is to be expected
given the drop last week. As we have mentioned in the past, we do see some
possible correlation between high neutral readings and impending market
volatility. And we would definitely consider 33% to be a high reading.
best regards,
Jeff Walker
jwalker@xxxxxxxxxxx
http://www.lowrisk.com
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